THE MARKET INTELLIGENCE
TO SHARPEN YOUR PERFORMANCE

Unilever Sales

Unilever Sales

Unilever sells South African spreads business to Remgro

Anglo-Dutch consumer goods firm Unilever will sell its South African spreads business to South Africa-based investment holding company Remgro in exchange for acquiring Remgro’s 25.75% share in Unilever South Africa Holdings. In addition to swapping businesses, Unilever agreed to pay Remgro ZAR4.9bn (US$369M) in cash, bringing the total transaction value to ZAR11.9bn (US$896M), Unilever said in a statement.

Other news